The global cryptocurrency exchange and Web3 technology leader OKX has announced a major regulatory milestone: its Singapore-based entity, OKX SG Pte. Ltd. (OKX SG), has officially been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). This significant achievement is accompanied by the appointment of Gracie Lin as Chief Executive Officer of OKX SG, reinforcing the company’s strategic commitment to Singapore’s growing digital asset ecosystem.
Under Singapore’s Payment Services Act 2019 (PS Act), the MPI license permits OKX SG to offer digital payment token (DPT) services and cross-border money transfer services, including spot trading of cryptocurrencies for Singaporean users. This regulatory approval marks a pivotal step in OKX’s long-term vision to provide compliant, secure, and accessible digital asset solutions in one of Asia’s most forward-thinking financial hubs.
👉 Discover how regulated crypto platforms are shaping the future of finance.
Strategic Leadership with Gracie Lin at the Helm
As CEO of OKX SG, Gracie Lin will lead the execution of the company’s strategic roadmap, focusing on developing tailored digital payment token products and services that align with local market needs and regulatory expectations. With nearly two decades of experience across finance, public policy, and technology sectors, Lin brings a rare blend of expertise in financial regulation, strategic planning, and operational excellence.
Prior to joining OKX, Lin served as a key member of Grab’s management team, where she led regional strategy and economic initiatives. Her earlier roles at the Monetary Authority of Singapore (MAS) and sovereign wealth fund GIC further solidified her deep understanding of financial systems, risk management, and macroeconomic policy—making her uniquely qualified to navigate the complexities of regulated digital asset markets.
Lin holds a Bachelor of Arts in Economics from the University of Chicago and a Master’s degree in International and Development Economics from Yale University, reflecting her strong academic foundation in global economic trends and innovation-driven financial transformation.
“Singapore is a world-class digital asset hub and a critical market for OKX,” said Gracie Lin. “I’m proud to join this dynamic team and contribute to building a robust, compliant, and customer-centric platform here. The MPI license is a significant milestone in our journey, demonstrating our deep commitment to enabling secure access to digital assets while supporting the broader ecosystem. I look forward to collaborating with our partners, clients, and the wider community to drive meaningful innovation.”
Singapore: A Cornerstone of OKX’s Global Expansion
Singapore has long been recognized as a leader in fintech innovation and regulatory clarity. For OKX, it represents a cornerstone market in its global expansion strategy. The MPI license not only legitimizes OKX SG’s operations under one of the world’s most respected regulatory frameworks but also enhances trust among institutional and retail users alike.
In February 2024, OKX SG received in-principle approval from MAS for the MPI license—a signal of confidence in its compliance posture and operational readiness. Since then, the company has been actively assembling a world-class team of local experts in compliance, engineering, product development, and customer experience to ensure seamless service delivery tailored to Singapore’s sophisticated user base.
This move underscores OKX’s broader mission: to bridge traditional finance with decentralized technologies through secure, regulated, and user-first platforms.
👉 See how top-tier crypto platforms are integrating with global financial systems.
About OKX: Powering the Future of Web3
OKX is more than a cryptocurrency exchange—it’s a full-stack Web3 technology company building the infrastructure needed for a more efficient, transparent, and interconnected digital economy.
Originally launched as a trading platform offering spot and derivatives markets, OKX has evolved into one of the world’s largest and most trusted digital asset ecosystems. Today, it serves millions of users globally through a comprehensive suite of products designed to empower both retail and institutional participants in the blockchain space.
Core Offerings Include:
- OKX Exchange: A high-performance trading platform supporting spot, futures, options, and margin trading across hundreds of cryptocurrencies.
- OKX Wallet: A multi-chain self-custody wallet enabling seamless access to decentralized applications (dApps), NFTs, and DeFi protocols.
- OKX Marketplace: A curated platform for buying, selling, and discovering NFTs across major blockchains.
- OKX Explorer: Advanced blockchain analytics tools for tracking transactions, smart contracts, and network activity.
- OKX Chain (OKC): A developer-friendly blockchain ecosystem supporting scalable dApp deployment.
- OKX Ventures: A strategic investment arm focused on nurturing early-stage blockchain innovations.
- Institutional Services: Tailored solutions for hedge funds, family offices, and enterprises seeking secure custody, prime brokerage, and market-making tools.
By combining cutting-edge technology with rigorous security standards and regulatory compliance, OKX continues to set benchmarks in reliability and innovation within the Web3 landscape.
Frequently Asked Questions (FAQ)
Q: What does the MPI license allow OKX SG to do?
A: The Major Payment Institution license issued by MAS permits OKX SG to legally provide digital payment token services—including cryptocurrency spot trading—and cross-border money transfer services in Singapore.
Q: Who is Gracie Lin and why is her appointment significant?
A: Gracie Lin brings extensive experience from MAS, GIC, and Grab. Her background in financial regulation and strategic leadership makes her ideal for guiding OKX SG’s growth in a highly regulated environment.
Q: Is OKX fully compliant with Singaporean regulations?
A: Yes. The MPI license confirms that OKX SG meets MAS’s stringent requirements for capital adequacy, anti-money laundering (AML), cybersecurity, and consumer protection.
Q: Can all Singapore residents use OKX SG now?
A: Once fully operational under the MPI license framework, Singaporean users will be able to access compliant digital asset trading and payment services through OKX SG.
Q: How does this benefit retail investors?
A: It ensures safer access to crypto markets via a regulated platform with transparent practices, strong security protocols, and accountability under Singapore law.
Q: What are OKX’s future plans for Southeast Asia?
A: With Singapore as a regional hub, OKX aims to expand its compliant offerings across Southeast Asia, supporting local innovation while promoting responsible adoption of blockchain technology.
👉 Explore how regulated crypto platforms are driving financial inclusion worldwide.
Final Thoughts
The granting of the MPI license by MAS—and the appointment of Gracie Lin as CEO—represents more than just corporate progress; it reflects a maturing relationship between innovative fintech firms and forward-looking regulators. For users in Singapore and beyond, this development signals greater confidence in accessing digital assets through secure, transparent, and legally sound platforms.
As the lines between traditional finance and decentralized systems continue to blur, companies like OKX are leading the charge in building bridges—not just technologically, but institutionally and regulatorily. With Singapore as a launchpad, OKX is poised to play a central role in shaping the next era of digital finance.
Keywords: OKX SG, MAS MPI license, Gracie Lin, Singapore crypto regulation, digital payment token services, OKX CEO, crypto exchange Singapore, Web3 infrastructure